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Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
 Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with its takeover of Sydney-based Centennial Coal Co, which Banpu shareholders approved yesterday.
Chief executive Chanin Vongkusolkit said the company expected to complete its tender offer for the remaining 80.1% of Centennial by the end of September or early October at the cost of A$2.017 billion or 55.29 billion baht.
Banpu earlier acquired 19.9% of Centennial for A$380 million. On July 5, Banpu announced it would buy all of the ordinarily shares of the Australian company that it does not already control at the price of A$6.2 per share.
Mr Chanin said yesterday that the takeover would be completed after Australia's general election on Aug 21, adding that he expected the new Australian government would welcome the deal.
The company expected to book revenue contributions from Centennial in the fourth quarter of this year, he added.
Centennial, with 10 mines, has marketable coal reserves of 386 million tonnes as of June 30 this year. Banpu, which operates coal mines in Indonesia and China, has reserves of 318 million tonnes.
Shareholders yesterday also approved the management's plan to issue additional debentures worth up to 20 billion baht with maturities of up to 15 years.
Mr Chanin said Banpu would issue some debentures later this year in multiple tranches to either refinance debts or fund its acquisition of Centennial.
Banpu was confident that 2010 revenue would beat forecasts despite lower production at the Daning mine in Shanxi province due to a licence renewal delay.
The company on Monday revised down forecast production of the Chinese underground mine by 10%, resulting in expected lower net profit of $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Friday, 10 April 15
US COAL PRODUCTION FELL 4.7% W-O-W : EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.4 million short ...
Friday, 10 April 15
DRY BULK MARKET'S DOWNFALL ALSO OFFER INVESTMENT BARGAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk market rates have fallen to historical lows over the past few weeks, with no clear path of recovery, at least in the near term. As such, m ...
Thursday, 09 April 15
CAPESIZE: RATES ARE STILL DISAPPOINTING - FEARNLEYS
Handy
The handy market had a stronger sentiment before the Easter holidays, but have as the bigger panamaxes seen a softening tendency this week. ...
Wednesday, 08 April 15
DRY BULK MARKET SEEMS UNABLE TO CATCH A BREAK - INTERMODAL
COALspot.com: The Dry Bulk market seems unable to catch a break these days.
According to Intermodal, following the market stabilization that p ...
Wednesday, 08 April 15
CHINA BURNS HALF OF THE WORLD'S COAL - CHRISTOPHER T. WHITTY
Intermodal Weekly Market Update
China is the world's largest consumer of coal, using more coal each year than the United States, the Europ ...
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- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Videocon Industries ltd - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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